Egala Limited

Egala Ltd from Hull UK: a small holding company with an active status, was founded three years ago and employs eleven people. The company holds £391,422 in assets and operates from a virtual address, a fact highlighted by the presence of forty-two companies registered at the same location. It’s led by three directors and has one owner, and boasts a stellar 5.0 Google rating based on eight reviews. Egala is an irregular importer, primarily bringing in vehicles, parts, and accessories – with just two months of import activity recorded, the latest being December 2024.

The company's website paints a picture of a revolutionary approach to truck driving. Egala positions itself as a business where drivers are the heroes, combining industry-leading rewards and recognition with high-spec trucks, technology, training, and support. Drivers get a brand-new, personalized Mercedes Gigaspace cabin, a dedicated Care Manager for support, and fair wages plus benefits like SNAP parking and a generous nightly allowance. It’s clearly a company trying to disrupt the transport industry by prioritizing driver well-being and satisfaction.

Financially, Egala Ltd’s report shows some concerning trends. While current assets increased by 18% to £390,000, net assets plummeted 120% to -£34,000. This significant drop in equity is a red flag, and bank borrowings increased substantially. Creditors also rose by 300%, indicating a growing reliance on external financing. The company's small size (meeting two of three criteria for being classified as small) provides some agility, but the decline in equity suggests it's burning through cash. The lack of an auditor mentioned, likely due to its small company status, means the figures are unaudited.

Despite these financial pressures, Egala’s focus on driver satisfaction and its innovative approach to the transport industry could be a powerful differentiator. Whether it can overcome its current financial challenges and sustain its growth remains to be seen, but it’s a company with an interesting story and a bold vision.

Registered in England/Wales under the registration number 13833762, with a registered address at HU1 1RS, United Kingdom, Hull, East Yorkshire, Aldgate House, 1-4 Market Place.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.